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NBCC inks pact with Health Ministry to buy out HSCC


NBCC inks pact with Health Ministry to buy out HSCC

In September, NBCC had said it will buy out the government’s stake in consultancy firm HSCC for Rs 285 crore.

New Delhi: State-owned NBCC has recently signed an agreement with the Health Ministry to acquire Hospital Services Consultancy Corporation (HSCC).

“The Ministry of Health and Family Welfare and NBCC (India) Ltd have signed the share purchase agreement on November 6, 2018, for the transfer of 100 per cent shareholding of HSCC to NBCC,” the construction firm said in a regulatory filing.

NBCC Limited (formerly National Buildings Construction Corporation Limited) is a Navratna Central Public Sector undertaking which trades publicly in the market and is largely owned by the Government of India.

HSCC, under the Ministry of Health and Family Welfare, provides consultancy services in healthcare and other social sectors in India and abroad.

 



Source: PTI
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